Published On: Sat, Jun 27th, 2015

Saudi Arabia Tops Defence Spending In Relation to GDP Israel Second

Saudi Arabia is spending more on its armed forces than ever before

idf tank in gaza

 

No country worldwide comes close to matching the United States in military expenditure. In 2014, US military spending reached $571 billion, a huge distance ahead of second place China,  with $129.4 billion. However, when military budgets are viewed as a percentage of a nation’s GDP, things become very different indeed.

Saudi Arabia is spending more on its armed forces than ever before, boosting its military budget by 17 percent last year. The military now amounts to at least 10.4 percent of the kingdom’s GDP, according to an estimate from SIPRI. By contrast, Washington’s enormous military expenditure amounts to “only” 3.5 percent of the GDP.

 

Infographic: The Biggest Military Budgets As A Percentage Of GDP | Statista

You will find more statistics at Statista.

Read more about: , , , , , ,

About the Author

Wordpress site Developed by Fixing WordPress Problems